New Jersey Sports Betting: Best NJ Sports Betting Apps (October 2024)
This New Jersey sports betting guide will give you the essential details on signing up for NJ sports betting apps, making deposits and placing wagers. To snag a special sportsbook welcome bonus, sign up for these New Jersey sportsbooks by using the LINEUPS.com promo codes provided below.
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
Online Sports Betting is Legal & Live in New Jersey
The New Jersey sports betting market has been available since June of 2018 — more than five full years now. Anyone located in the Garden State and 21 years or older can now sign up for an online sportsbook and start wagering. NJ is home to plenty of popular teams, such as the New Jersey Devils, who are looking for a Stanley Cup run. Plus, as both the New York Jets and New York Giants play at MetLife Stadium in the state, residents are surefire fans.
While various online sports betting apps are available, many NJ sports bettors choose DraftKings New Jersey and FanDuel New Jersey, as both have expanded from DFS sites into online sportsbooks and online casino apps. Other popular New Jersey online sportsbooks include Bet365 Sportsbook NJ, Caesars Sportsbook NJ, BetRivers Sportsbook NJ, BetMGM Sportsbook NJ and Unibet Sportsbook NJ.
Requirements to Place Wagers in NJ
If you want to place bets with online sports betting platforms in New Jersey, you need to be 21 years of age or older. You must also be registered with the betting platform to play in NJ. While you don’t need to be a full resident of New Jersey to place bets on sports, you do need to be physically located in the state while placing bets. Basically, if you’re not in New Jersey, you can’t use sportsbooks based in New Jersey. If a New Jersey bettor is already registered for other types of online betting in the state, they don’t need to re-register to place bets. One single registration allows you access to online betting in the state of New Jersey.
How to Bet on Sports in New Jersey
New Jersey is arguably a king when it comes to online sports betting. Indeed, the industry as a whole has New Jersey’s sportsbooks among some of the best out there.
To bet on sports in New Jersey, you will need a handful of things to check off your list. Some of them are necessary, while others could help your experience.
1. Things To Look For
When betting on sports in New Jersey, you should look for a variety of factors. These include different sports to bet on, if they have an app you like, some of the biggest welcome Bonuses, any ongoing promotions, and the types of deposit methods.
For example, DraftKings typically has a $50 Bonus bet and a deposit Bonus. It has a great app you can download, multiple promotions for customers, and a variety of deposit and withdrawal methods.
A popular payment method that a lot of online casinos in New Jersey have is PayPal. It is actually more uncommon if they do not have it, since it has become a customer favorite.
2. Check Out the New Jersey Promo Code Deals
If you want to find some of the best deals on the market, you should click through our banners to take advantage of the biggest promotions. These promotions can definitely make a difference between having some extra betting power and none at all. These promo offers are essentially Bonus money. Some are better than others, so read the fine print.
Top Rated New Jersey Sportsbook Apps | New Jersey Promo Code | Promo Value |
|---|---|---|
| Caesars Sportsbook | LINEUPS1000 | $1,000 First Bet On Caesars |
| Bet365 Sportsbook | LINEUPSNJ | First Bet Safety Net Up To $1,000 OR, Bet $5 Get $200 In Bonus Bets |
| BetMGM Sportsbook | LINEUPS | Up to $1,500 in Bonus Bets Paid Back If Your First Bet Does Not Win |
| FanDuel Sportsbook | No Code - Click Through Link to Unlock | Bet $5, Get $200 in Bonus Bets Guaranteed |
| BetRivers Sportsbook | LINEUPS | $250 2nd Chance Bet |
| Hard Rock Bet | No Code - Click thru for Max Bonus | Bet $5, Get $100 in Bonus Bets |
| Fanatics | No Code - Click thru for Max Bonus | Bet & Get $1,000 in Bonus Bets |
| DraftKings Sportsbook | No Code - Click thru for Max Bonus | Bet $5, Get $200 in Bonus Bets + 20% Deposit Match Up to $1,000 (25x playthrough) + $50 Bonus Bet With $5 Deposit |
These are the top sportsbook apps in New Jersey as of October 2024.
- Caesars
- BetMGM
- Bet365
- BetRivers
- FanDuel
- DraftKings
- Hard Rock Bet
- Fanatics
3. Mobile-Friendly
Another option for online sports betting in New Jersey would be how mobile-friendly the sportsbook is. Do you want to be able to place bets on the go wherever you are?
Checking out a sportsbook’s app will be a deal-breaker on some sportsbooks who do not have one. When downloading, you will need to register if you do not have an account. Then you will need to verify your age, your location, and who you are.
4. Putting Down Money
As mentioned above, most sportsbooks will have various options for depositing money into your account. This will be your next step, as you need money to place wagers.
Make sure you find a deposit method that is right for you. This also goes hand in hand with withdrawal methods, so you will need to coordinate your options for sending and receiving money.
5. Your First Bet
This should be the moment you have waited for. Upon successfully registering for an account, now is the time to get in on the action.
Keep in mind that if you signed up with a promotion code or are eligible for Bonuses, that you take care of those wagering requirements first. If not, you would be losing Bonus cash or Bonus betting opportunities.
Make sure you read the terms and conditions on the sportsbook that you choose. These will vary from one sportsbook to the next.
New Jersey Retail Sportsbooks
While the online sports betting market is major for the NJ sports betting, retail sportsbooks are also popular with bettors in the area. There are plenty of legal sportsbooks operating throughout New Jersey, and they can generally be found at a casino brick-and-mortar location as well as a few different horse tracks. Here are some of the top retail sports betting options available for NJ sports bettors.
- Tropicana Atlantic City (Caesars Sportsbook)
- Meadowlands New Jersey (FanDuel Sportsbook)
- Monmouth Park (Caesars Sportsbook)
- Golden Nugget Atlantic City (The Sportsbook)
- Caesars Wild Wild West (Caesars Sportsbook)
- Ocean Resorts Casino Atlantic City (The Sportsbook)
- Ballys Hotel & Casino Atlantic City (FanDuel Sportsbook)
- Bonushold Raceway (Parx Sportsbook)
- Borgata (BetMGM Sportsbook)
- Resorts Atlantic City (DraftKings Sportsbook)
New Jersey Teams To Bet On
With New Jersey sports betting totally available right now, anyone that can confirm their location in the area can place bets on different major sports events. Locals might prefer backing some of the teams that play in the area. Two of the most popular squads for NJ sports fans are the New York Jets and New York Giants, with the latter seeing more recent success with a Super Bowl win in 2012. The Jets, on the other hand, have not won a championship since Joe Namath quarterbacked the team in 1969, although fans remain hopeful for the future. Both teams also share the same stadium, bringing loyal fans to MetLife Stadium in East Rutherford, New Jersey. The New Jersey Devils, who play at the Prudential Center in Newark, NJ, are among the more popular teams in the NHL. Although the team hasn’t had as much success lately, New Jersey did bring home a trio of Stanley Cup championships in the late 1990s and early 2000s.
New Jersey Sports Betting Question & Answer
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Is online sports betting legal in New Jersey?
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What is the top sports betting app in New Jersey?
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How much revenue has come from New Jersey sports betting?
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Is DraftKings sports betting legal in New Jersey?
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Is FanDuel sports betting legal in New Jersey?
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Are sports betting winnings taxed in New Jersey?
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Who Can Gamble Under New Jersey Betting Laws?
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What is the best deposit match Bonus in New Jersey?
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Can you play with online casinos in New Jersey?
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Do I have to bet on sports online in New Jersey?
Frequently Asked Questions
New Jersey fostered the federal lawsuit, which altered the course of sports betting in the US. They were immediately ready to open physical sportsbook facilities, with online sports betting added in less than a month. Now, bettors can access almost 20 sportsbook apps for wagering within state borders.
When you account for nearly half the online sports betting revenue in the state, you must have something bettors find appealing. FanDuel has that something. They swamped their DFS rival and sportsbook app competitor by nearly $70 million in 2019.
Currently, New Jersey has reported over $6 billion in total sports betting handle. From this figure, more than $400 million has been generated in sports betting revenue, plus over $50 million in tax dollars for the state from sports betting operations, online and brick-and-mortar.
It is now legal to use the DraftKings sportsbook app in four states, including New Jersey. When New Jersey opened the door for online sports betting, DraftKings was ready. They brought a stable of nearly two million dedicated DFS accounts, many who visited or lived in New Jersey.
Among all the available sportsbook apps in New Jersey, FanDuel has assumed a dominant role. In New Jersey, FanDuel’s legal sportsbook app was one of the first to launch. It accounted for nearly half of the total online sports betting handle in New Jersey for several months.
Sports bet winnings are taxed for all bets with New Jersey sportsbooks, not just residents. Winnings over $10,000 tax at 5 percent of payouts. Winnings over $500,000 tax at 8 percent. If the winner does not supply a tax identification number, the rate is 8 percent.
To use the applications to bet online, you must be physically present in the state of New Jersey. These betting apps will use sophisticated geolocation that will only allow betting from within New Jersey state lines. You also must be 21 years of age or older to wager.
The best current deposit bonuses are Bet365 with a $1,000 deposit match OR Bet $5, Get $200 in Bonus Bets and DraftKings with a $1,000 Deposit Match (20%) + Bet $5, Get $200 in Bonus Bets + $50 Bonus Bet With $5 Deposit.
Yes, on top of online sports betting, New Jersey also has licensed, regulated, and legal online casinos. There are tons of options to play with in New Jersey, like BetMGM and Unibet. The casino games include slots, table games, live dealer games and video poker.
No, there are physical sportsbooks in New Jersey. However, you will find the best promotions and the most amount of options with online and mobile betting. There is a much more competitive online betting market, meaning you get better value as a bettor.
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New Jersey Sportsbook Promo Codes
When you’re choosing a new NJ sportsbook to start betting with, you’ve got plenty of different options when it comes to signup Bonuses. Every one of the online betting sites in the state offers a unique welcome offer that starts you out with Bonus betting credits or a Bonus bet. For example, Caesars Sportsbook NJ offers new users a total of $1,000 in bonuses when they click through this link to activate the Caesars Promo Code.
The most common welcome Bonus you’ll find with NJ sports betting is Bonus bets. Caesars Sportsbook NJ has the Promo Code “LINEUPS1000”, which offers new users a “$1,000 first bet on Caesars bonus. The $1,000 in this case is paid out in bonus bets. BetMGM Sportsbook NJ gives new users a $1,000 Bonus bet thanks to the Bonus Code “LINEUPS”. FanDuel Sportsbook NJ also offers a Bet $5, Get $200 in bonus bets promo. To claim the FanDuel promo, click through this link instead of enter a separate promo code. Existing users can claim the Daily Boost or Bonus All Summer. With Hard Rock Bet click here to get a Bet $5, Get $100 in Bonus Bets offer.
While not as common as bonus bets, deposit match Bonuses are offered by a few New Jersey online sportsbooks. BetRivers Sportsbook NJ gives new users a $250 deposit match Bonus when they use the Promo Code “LINEUPS”.
Legislative History and Revenues
As the plaintiff in the case of Murphy vs. National Collegiate Athletic Association, New Jersey was ready to legalize sports wagering from practically the moment that the decision was issued. New Jersey had spent the better part of the decade mounting its legal challenge to the federal bill banning sports wagering and laying the groundwork for legal sports betting. Before Murphy, sports wagering had been prohibited nationally everywhere except for Nevada. This law was struck down as unconstitutional as the Supreme Court ruled that the federal government could not force states to enforce federal law.
Immediately after Murphy, the New Jersey legislature passed a bill that legalized sports betting in the state. All physical casinos in the state immediately began to prepare to offer sports betting. Sports betting revenues have been projected to reach $124 million annually. The ultimate size of the market may be much greater than anticipated. Since the early estimates tend to be conservative, New Jersey sportsbooks may exceed the projected revenue.
Regulations, Applications and Partnerships
The New Jersey regulations permit online sportsbooks to operate so long as the sportsbooks are partnered with an existing physical casino. While eight casinos offer physical sportsbooks, several online sportsbooks began in August 2018, with more on the way.
In the wake of the Supreme Court’s decision in Murphy, New Jersey rushed to establish temporary regulations that would enable online sportsbooks to get up and running. These regulations will be finalized after 270 days. These regulations govern both the application process as well as the taxation rate. Also, they address the operation of the online sportsbook.
Casinos are allowed to partner with up to three online entities to establish websites. Casinos are required to build physical locations for a sportsbook if they intend to operate an online sportsbook. Casinos are granted a 270-day waiver to operate an online sportsbook while the physical sportsbook is under construction. The fee to obtain an initial sports wagering license is $100,000, with at least $100,000 required for license renewal. The regulations establish the tax rate at 13 percent of revenues for online sportsbook operators. This rate is much lower than the prevailing rate in neighboring Pennsylvania. New Jersey refused to impose the “integrity fee” on each wager that sports leagues were seeking to police the gambling market. Many saw the attempt to impose the “integrity fee” as a money grab on the part of the sports leagues, and New Jersey was at the forefront of states rejecting that fee.
Existing Casino & Sportsbook Partnerships
| Online Sportsbook | Sports Betting Partners | Land-Based Affiliate | Mobile App | Website | Launch Date |
|---|---|---|---|---|---|
| DraftKings Sportsbook | Kambi | Resorts AC | Yes | Yes | 8/6/18 |
| FanDuel | Flutter/IGT | Meadowlands | Yes | Yes | 9/1/18 |
| Caesars | N/A | Monmouth Park | Yes | Yes | 9/2/18 |
| PointsBet | N/A | Meadowlands | Yes | Yes | 12/11/18 |
| Caesars | Scientific Games | Caesars | Yes | Yes | 9/6/18 |
| SugarHouse | Kambi | Monmouth Park | Yes | Yes | 8/23/18 |
| BetMGM | GVC/Roar | Borgata AC | Yes | Yes | 8/22/18 |
| 888 Sport NJ | Kambi | Caesars | Yes | Yes | 9/10/18 |
| Hard Rock | GiG | Hard Rock AC | Yes | Yes | 1/26/19 |
| Resorts Sportsbook | SBTech | Resorts AC | Yes | Yes | 1/31/19 |
| BetAmerica | SBTech | Golden Nugget AC | Yes | Yes | 2/2/19 |
| Golden Nugget Sportsbook | SBTech/Scientific Games | Golden Nugget AC | Yes | Yes | 2/19/19 |
| Borgata Sports | GVC/Roar | Borgata AC | Yes | Yes | 5/14/19 |
| TheScore Bet | Bet.Works | Monmouth Park | Yes | Yes | 9/3/19 |
| bet365 | N/A | Hard Rock AC | Yes | Yes | 8/30/19 |
| Unibet | Kambi | Hard Rock AC | Yes | Yes | 9/10/19 |
Resorts and DraftKings
With regard to the actual opening of online sportsbooks, Resorts has led the way as the most aggressive casino operator to enter the market. Resorts have already used all of its three allotted partnerships. The first online sportsbook to launch was a partnership between Resorts and DraftKings. The partnership beat out several other applicants to become the first online sportsbook in New Jersey to accept bets. In fact, this partnership brought to market the first online sports betting app outside of Nevada. The partnership is able to leverage DraftKings’ extensive customer base from its daily fantasy sports operations. DraftKings claims over 10 million customers in the DFS space.
DraftKings had prepared extensively ahead of time in advance of the Murphy decision so that it could be the first company to market once sports betting was legalized in New Jersey. For Resorts, the partnership with DraftKings is a coup as DraftKings has significant brand recognition and an established platform. This helps Resorts gain a leg up on its competition as it became the first to market in partnership with a big name in the space. It is anticipated that Resorts’ physical sportsbook will also bear the DraftKings brand.
The partnership anticipates that it will offer both wagers on outcomes of events in addition to in-game wagers. DraftKings will also offer a variety of prop bets. In addition, DraftKings anticipates offering a novel wagering product that has never been offered before. This product is called “Live Ticket” and allows bettors to cash out or buy their way out of a wager while the event is still occurring. This partnership had a three-week head start when it had the entire market to itself prior to other casinos receiving regulatory approval to launch operations. Additionally, Resorts has inked partnership agreements with BetStars and SBTech to offer sports wagering through their platforms.
FanDuel and Betfair Partnership
After an attempt to merge with DraftKings was terminated due to antitrust concerns, FanDuel recently completed a merger with European gaming company Paddy Power Betfair. The merger combines a diverse set of gaming institutions under one roof, including Betfair Casino, FanDuelsportsbook, and daily fantasy sports, as well as the horse racing network TVG. Gaming technology company IGT has provided the platform that powers FanDuel’s online sportsbook. This technology runs both the desktop and mobile versions. GAN is another piece of the infrastructure that backs the combined platform. GAN provides the enterprise software that serves as the player account management system. The GAN system handles the backbone of the FanDuel applications, including the crucial security piece.
Paddy Power Betfair has provided FanDuel with additional operating capital and deeper pockets for FanDuel to leverage as it attempts to compete with its bitter rival DraftKings. Expanding its operations to meet the growing demand for sports wagering will require operating capital, which FanDuel did not necessarily have an abundance of after years of operating losses. The merger was more about the charge into sports gambling than FanDuel’s existing daily fantasy sports business, which had grown stagnant in the past two years. As a result of the merger, the combined entity can leverage FanDuel’s extensive customer base to offer more sports wagering options to its customers.
Impact of Online Sports Wagering on New Jersey
Online sportsbooks are expected to have a positive impact on New Jersey. Sports wagering, in general, has found a receptive market in its first few months of operation. The first month of sports wagering saw over $16 million in wagers placed with $3.5 million of revenue. These numbers covered only the fraction of June when the casinos were open for sports betting business and will be higher in full months.
Online sports wagering promises to provide a steady stream of revenue for New Jersey as operators must pay a 13 percent tax on online sportsbook revenues. New Jersey anticipates approximately $13 million of tax revenues in the first year of operation between taxes on physical and online casinos. These funds will go both for the revitalization of Atlantic City and other economic purposes. Atlantic City casinos had been struggling for many years, but the ability to accept sports wagers promises to pump life into the moribund industry. If Atlantic City casinos are able to invest profits into their properties, it may also serve to increase tourism in New Jersey, which will multiply the economic impact for the state. In addition, online wagering promises to add to the bottom line of New Jersey’s flagging horse racing industry.
Further, the ability to offer sports betting online will help casinos and racetracks diversify their product offerings, which will better enable them to stay competitive. Neighboring states are also introducing online and other physical sports betting options, and online sportsbooks in New Jersey will lead to bettors staying home to place their wagers. Also, it has been proven time, and again that casino revenues produce jobs.
New Jersey Online Casinos
New Jersey is one of just a few US states to offer fully mobile casino games in addition to online sports betting. Brands such as Hard Rock, BetMGM, Ballys, and Caesars, for instance, all offer an online casino app in addition to an online sportsbook. For more information on how to register with these Casino apps, and reap the full rewards of their new user Bonuses — many of which begin at over $1,000 — check out our New Jersey Online Casino page. Players who sign up will be able to take full advantage of table games such as Poker, Blackjack, Baccarat, and more.
Impact on Live Sporting Events in New Jersey
While online sportsbooks will have an overall positive impact on sporting interest, it may not have an exceptional impact on live sporting events in New Jersey. New Jersey sportsbooks are prohibited from taking bets on college events that occur in the state. Outside of that, there are three professional sports teams that play their home games in New Jersey. The first is a hockey team, which does not result in heightened betting interest. The other two teams are football squads, and those games already sell out their tickets every week.
Where online sportsbooks will have an impact is on television ratings for sporting events. Bettors tend to like to watch the games where they have wagers, and sports leagues portend to be the big winners from the proliferation of online sports wagering. The major sports league had reversed course in the years before Murphy and had supported sports wagering as a means to increase interest in their product. Since much of the sports leagues’ revenue comes through television contracts, anything that increases ratings helps the leagues’ bottom line. Actual partnerships with leagues and sports teams may be difficult to execute because New Jersey regulations prohibit the operation of sportsbooks when the casino owner has a partnership or an interest in a team.
The New Jersey Division of Gaming Enforcement (DGE) publishes the monthly online gambling & sports betting revenue for each operator…
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When one thinks of sports gambling, sportsbooks, and wagering, Las Vegas comes to mind first and foremost. However, there is now an east coast rival to the sports wagering capital in Nevada—welcome to the world of sports betting, New Jersey!
New Jersey’s Long History with Gambling
The state of New Jersey has had a long history of gambling and housing casinos since the late 1970s, primarily in Atlantic City. However, it was not until 2012 that former New Jersey Governor Chris Christie signed legislation that would allow the casinos in New Jersey to offer sports gambling on professional and collegiate sporting events. This legislation was challenged by all of the major sporting associations, including the National Basketball Association (NBA), Major League Baseball (MLB), the National Football League (NFL), the National Hockey League (NHL), and the National Collegiate Athletic Association (NCAA). So on what grounds did these organizations challenge the New Jersey legislation? The Professional and Amateur Sports Protection Act of 1992 (PASPA).
A quick background on PASPA—it was passed by the US Senate on June 2, 1992, and then by the House of Representatives on Oct. 6, 1992. It was signed into law on October 28, 1992, by President George Bush and then went into effect on Jan. 1, 1993. So how did Nevada find itself exempt from PASPA? Well, it wasn’t only Nevada that was exempt. The states of Delaware, Oregon, and Montana were also all exempt as they were grandfathered into PASPA since they already had sports betting laws on the books. The only thing that sets Nevada apart from these other three states is the ability to wager and bet on the outcome of single-game sports. The three other states allowed sports gambling through parlay betting or other various types of sports betting formats.
Alright, back to New Jersey sports betting. In an effort to enjoin the legislation, the NCAA and four other professional sports leagues sued under PASPA, 28 USC section 3702 (1), which prohibits states from authorizing or licensing sports gambling. In 2012, the district court held that PASPA was constitutional and did not violate the anti-commandeering doctrine under the Tenth Amendment. This decision was affirmed by the Third Circuit, and the Supreme Court (SCOTUS) later denied Governor Christie’s petition for writ of certiorari (basically, asking SCOTUS to review the decision of the lower court). The Third Circuit held this decision by drawing a distinction between “repeals” and “affirmative authorizations.” This is an important distinction for the basis on which New Jersey passes its newest bill.
This brings us to the year 2014. New Jersey has now passed SB 2460. This bill repealed several longstanding state prohibitions on sports gambling rather than affirmatively authorizing sports gambling, i.e., theoretically finding a loophole and work-around from the basis of denial from the original Third Circuit decision. Once again, after review, the Third Circuit came to the same conclusion as back in 2012. However, this time around, SCOTUS did grant certiorari and agreed to hear the case. It was argued that the commandeering of requiring States to keep bans on their books was a violation of the Tenth Amendment. In a 6-3 decision, SCOTUS reversed the Third Circuit’s decision stating that:
“The legalization of sports gambling requires an important policy choice, but the choice is not ours to make. Congress can regulate sports gambling directly, but if it elects not to do so, each State is Bonus to act on its own. Our job is to interpret the law Congress has enacted and decide whether it is consistent with the Constitution. PASPA is not. PASPA ‘regulates state governments’ regulations’ of their citizens. The Constitution gives Congress no such power.”
This excerpt was taken from the majority decision that was authored by Justice Alito (ironically, or not-so-ironically is a New Jersey native). Dissenting from the majority were Justices Ginsburg, Breyer, and Sotomayor, stating that “the court wields an ax…instead of using a scalpel to trim the statute” referring to the comprehensive reversal and declaration of the law’s unconstitutionality. The law was signed into law by Phil Murphy, who also had the privilege of placing the first sports bets in the state. What did he bet on, you ask? He put a few bucks down on Germany to win the World Cup and for the New Jersey to win the 2019 Stanley Cup. He’s 0-1, but only time will tell if the Devils, who made the playoffs this last year as a wild card team but fell to the Tampa Bay Lightning, will be able to get the Governor a nice cash-out next summer.
With this decision, the sports-betting floodgates have opened in New Jersey and are on the brink of bursting in a number of other states including California, Washington, Idaho, Arizona, Wyoming, North Dakota, Oklahoma, Louisiana, Iowa, Missouri, Illinois, Maine, Vermont, Kentucky, North Carolina, Mississippi, Rhode Island and Washington D.C. As I am an avid sports fan, unfortunately, my home state of Texas is not ANYWHERE close to legalizing sports gambling. FanDuel still doesn’t operate paid contests in Texas, so legalizing any type of sports gambling is nowhere near being on the horizon. However, New Jersey is developing mobile applications that allow online sports gambling to their sportsbooks and casinos. So, can I be relaxing in my living room on a Sunday in Dallas watching the Cowboys go 8-8 again, miss the playoffs, and still be able to use my phone to place bets online to a New Jersey sportsbook? Good question. Let’s dive into it.
Who Benefits from the Sports Betting Laws
So, just how much money has New Jersey made since it legalized sports betting? According to Wayne Parry of the Associated Press, two casinos and a race track took in $16.4 million in sports bet during the first two weeks that wagering has been legal in New Jersey. That $16.4 million produced a gross revenue for those three venues (Monmouth Park, Ocean Resort Casino, and Borgata) of about $3.5 million. Not bad for a two-week period. It wasn’t bad for the state of New Jersey either. Since the winnings in New Jersey are taxed, the state made almost $300,000. Where those dollars go has yet to be seen, but I would be surprised if a large percentage were to go to schools and public education in order to try to offset any negative opinion or viewpoint that usually accompanies sports betting. It does look like both the state and the citizens of New Jersey stand to benefit from the new sports betting laws.
Finally, the future of sports betting in New Jersey looks strong, as evidenced by the quick adaptation and implementation following the SCOTUS decision. Possibly, more importantly, the strides made by New Jersey will also influence and provide an illustrative path for sports betting implementation in other states.
